The euro strengthened to around $1.160, reaching its highest level in two months as changing interest-rate expectations continued to support the single currency. Markets have reduced bets on a Federal Reserve rate increase this year, with the latest economic data reinforcing expectations that the Fed will keep rates unchanged at its next meeting. By contrast, investors are pricing in roughly an 84% probability of a 25-basis-point European Central Bank rate hike in September, highlighting the widening policy expectations between the two central banks. Elevated energy prices remain a concern for the Euro Area, particularly as tensions in the Middle East show little sign of easing. Iran urged the US to accept defeat, while President Donald Trump warned that Americans should prepare for persistently high fuel prices as the conflict continues. Looking ahead, investors will focus on upcoming Eurozone PMI data for further clues on economic momentum and the ECB’s policy outlook.
The EUR/USD exchange rate rose to 1.1578 on August 17, 2026, up 0.08% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 1.44%, but it's down by 0.77% over the last 12 months. Historically, the Euro US Dollar Exchange Rate - EUR/USD reached an all time high of 1.87 in July of 1973.The euro was only introduced as a currency on the first of January of 1999. However, synthetic historical prices going back much further can be modeled if we consider a weighted average of the previous currencies. Euro US Dollar Exchange Rate - EUR/USD - data, forecasts, historical chart - was last updated on August 17 of 2026.
The EUR/USD exchange rate rose to 1.1578 on August 17, 2026, up 0.08% from the previous session. Over the past month, the Euro US Dollar Exchange Rate - EUR/USD has strengthened 1.44%, but it's down by 0.77% over the last 12 months. The Euro US Dollar Exchange Rate - EUR/USD is expected to trade at 1.16 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1.18 in 12 months time.